The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Wednesday, December 22, 2010

Get ready for labour shortages: population + immigration growth falling thru floor

As our unemployment rate falls below 5%, prepare for wage-price spirals. Labour supply is plummeting. From CommSec:

"Overall, Australia’s population grew by 1.72 per cent over past year, easing away from the 40 year record pace of 2.20 per cent recorded in the year to March 2009. A total of 215,600 people migrated to Australia over the year to June – falling further away from the biggest annual total since European settlement which was recorded in the year to March 2009 (320,300)."